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Unconfirmed Binance hack rumors trigger $590M long liquidations and Bitcoin drops below $80K

Market News
29 Oct 2026, 23:59 WIB
Crypto Briefing
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Bearish
Unconfirmed Binance hack rumors trigger $590M long liquidations and Bitcoin drops below $80K

Rumors of a Binance hack caused a sharp crypto market drop, wiping out $590 million in long positions within an hour and pushing Bitcoin below $80,000. Binance later confirmed it had blocked cyberattacks linked to North Korea with no losses. The event exposed heavy leverage in the market, making Bitcoin's $80,000 level critical to watch. This highlights the impact of rumors and the need for quick communication from exchanges to prevent panic selling.

Following the Binance hack rumors that rattled the crypto market, Bitcoin is trading at Rp1.442.218.522 on Pluang, down 2.49% as of Oct 30, 2026 04:12 WIB. Solana also shows a sharper decline, priced at Rp1.759.175 with a 5.46% drop. The Pluang platform sees more sell orders than buys for both assets, with 60% sell activity for Bitcoin and 65% for Solana, reflecting cautious sentiment among traders.

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